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According to bankers, the reduction in repo rate - which is the rate at which Reserve Bank lends short-term funds to lenders - is likely to result in lower loan EMIs.
If the entire rate cut gets transmitted to borrowers your EMI will reduce by almost Rs1000
Here's why you need to keep an eye on the exchange rate
After the rate cut by RBI, read on to find out where you should invest your money
The government has been targeting growth to come at over 7.8 per cent for the fiscal and gradually accelerate further to close to double digits.